Sapient Capital LLC Lowers Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Sapient Capital LLC reduced its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 730,049 shares of the company’s stock after selling 7,087 shares during the period. Sapient Capital LLC’s holdings in Evolv Technologies were worth $2,884,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Evolv Technologies in the 3rd quarter valued at approximately $44,000. First Bank & Trust acquired a new stake in Evolv Technologies in the 3rd quarter valued at approximately $52,000. Sequoia Financial Advisors LLC raised its position in Evolv Technologies by 50.5% in the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after purchasing an additional 5,100 shares during the period. Virtu Financial LLC acquired a new position in Evolv Technologies during the third quarter worth $63,000. Finally, Phillips Financial Management LLC purchased a new position in shares of Evolv Technologies during the third quarter worth $99,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EVLV. Lake Street Capital decreased their target price on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. Northland Securities cut shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evolv Technologies has a consensus rating of “Hold” and an average price target of $5.60.

Evolv Technologies Price Performance

Shares of NASDAQ:EVLV opened at $3.99 on Tuesday. The company’s 50 day moving average is $3.81 and its two-hundred day moving average is $3.61. Evolv Technologies Holdings, Inc. has a 52 week low of $2.01 and a 52 week high of $5.73.

Evolv Technologies Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.